Zee board approves fresh buy-back

Zee Entertainment Enterprises Ltd’s [stockquote]ZEEL [/stockquote] board of directors has approved a fresh buy-back of equity shares not exceeding 10 per cent of its paid-up capital and free reserves as on March 31, 2011, through the “open market” mechanism.

This will be at a price not exceeding Rs 140 per share and the aggregate amount payable will be limited to Rs 280 crore